The Buenos Aires Grain Exchange announced that the average yield for Argentina’s 2021/22 wheat crop will be 3.44 MT/hectare. That is the highest yield since the country hit 3.55 MT/ha in 2011/12 and is attributed to timely rains. Argentina’s yield is higher than the average U.S. wheat yield but both are strikingly low relative to many other wheat producing nations. In fact, Argentina’s near record wheat yield this year ranks it at number 27 in the world, which is more like a grade of C. At an R2 of 0.19, rainfall and wheat yields are not well correlated among top producing nations. This is because national rainfall statistics may not match precipitation in narrower wheat production areas, plus the heavy use of irrig...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.